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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: David E. Taylor who wrote (92537)	1/25/2001 5:06:12 PM
From: golfinvestor	Read Replies (1) \| Respond to of 152472

<Then, "the Company continues to plan for the spin-off with full distribution of QUALCOMM Spinco, Inc. shares expected to occur by the fall of 2001". If not spin-off to shareholders, spin off and distribution of shares to whom> I think what they mean is there might not be an IPO, but the spin off would certainly be to shareholders. Just like LWIN with the exception of SpinCo being tax-free.

To: David E. Taylor who wrote (92537)	1/25/2001 5:06:27 PM
From: J.B.C.	Read Replies (2) \| Respond to of 152472

They can spin off w/o issuing an IPO, it would be a wholly owned subsidiary. Jim

To: David E. Taylor who wrote (92537)	1/25/2001 5:08:32 PM
From: cfoe	Respond to of 152472

David - I think that they are talking about spinning off the company to the shareholders (i.e., distributing Spinco shares to QCOM shareholders of record at some specified date) - in a tax-free spinoff I assume - without first doing an IPO. I would assume that the shares get registered to trade and the then current Spinco shareholders can start trading their shares. One thing I am certain of - nothing can or will happen that deprives the shareholders of the value of Spinco if it is actually spun off.

To: David E. Taylor who wrote (92537)	1/25/2001 5:13:51 PM
From: DaYooper	Read Replies (3) \| Respond to of 152472

On the one hand, "the company is evaluating the need for and timing of an IPO", which implies they may not do it at all. Then, "the Company continues to plan for the spin-off with full distribution of QUALCOMM Spinco, Inc. shares expected to occur by the fall of 2001". If not spin-off to shareholders, spin off and distribution of shares to whom? This is the clearest statement yet, imo, that Q would like to NOT spin the asics unless the last couple 3G license holdouts make that necessary. Stating the possibility of not spinning could indicate optimism in those discussions. Should be an interesting topic in the cc. Excellent forward guidance illustrates the highest ethics of qcom management wrt the massive insider selling. Bravo.